Andy Weiss & Andrew Dansker Of Marcus & Millichap Represent Buyer In $6.6M Multifamily Acquisition On UES
FINANCED
$6,600,000
New York
See Similar DealsMultiFamily104,650 SF
Financed 06/28/2019
FINANCED
Andy Weiss & Andrew Dansker Of Marcus & Millichap Represent Buyer In $6.6M Multifamily Acquisition On UES
223 E 89th St, New York, NY 10128, USA
See Similar DealsMultiFamily104,650 SF
Financed 06/28/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:104,650 SF
Transaction Type:Loan
The multifamily property located at 223 East 89th Street in the UES neighborhood has been involved in a closed transaction. The property spans 10,471 square feet and was sold for a total of $6,600,000. The property is owned by Jose Serruya and was financed by Ridgewood Bank. The deal was facilitated by Andy Weiss and Andrew Dansker of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Square Footage: 10,471
- Address: 223 East 89th Street
- Market: UES
- Lender: Ridgewood Bank
- Landlord: Jose Serruya
- Brokers: Andy Weiss, Andrew Dansker - Marcus & Millichap
Andy Weiss and Andrew Dansker, representing Marcus & Millichap, played a crucial role in the completion of this transaction. Their expertise and negotiating skills helped secure the sale of the multifamily property at 223 East 89th Street.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,600,000.00
Monthly NOI$44,000.00
Monthly Debt Service$41,716.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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